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Tuesday, August 5, 2014

SGX Singapore : STI Technical Outlook 05 Aug

Market Review for STI:
Share prices opened higher today with the STI up 9.16 points to 3,326.91. Hong Kong stocks rose 0.32 per cent today morning, after a positive lead from Wall Street and in anticipation of the release of HSBC's July index of manufacturing activity in China. Close of the day was marked at 3327.05 .The high was marked at 3332.68, seems that the market tried to recover the last two days downfall.
STI Day Performance
Open
3326.91
High
3332.68
Low
3319.83
Close
3327.05
Change(Points)
+8.65
% Change
+0.26
Volume
1472.0M
Rise
240
Fall
182
Unch
687
Market forecast for STI:
As the market took a bearish start this week and today found out to be little bullish, we may consider it as the change in trend .STI formed a green doji for the day which indicates indecision. In such case, the next day candle will give the conformation.
STI LEVELS
Support 1
Support 2
Support 3
Resistance 1
Resistance 2
Resistance 3
3300
3280
3260
3340
3350
3360
Technical indicators:RSI is at 53.99 and CCI is at 22.40.
Top Gainers
Top Losers
Scrip Name
CMP
%change
Scrip Name
CMP
%change
ComfortDelGro
2.65
2.71
Sembcorp Marine
4.03
-1.71
ThaiBev
0.63
1.61
SIA Engineering
4.55
-1.3
StarHub
4.23
1.44
Olam Intl
2.4
-1.24
SingTel
3.92
1.29
CityDev
10.15
-1.17
CapitaLand
3.44
1.18
HongkongLand USD
6.87
-0.87
Important Factor for today:-
  • CapitaLand, second-quarter profit rose 14% on higher gains from investment properties.Net income increased to $438.7 million in the three months ended June 30 from $383.3 million a year earlier.
  • Ezra Holdings, the contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that its Subsea Services division, EMAS AMC, has been awarded several projects around the world worth close to US$110 million, including options.
  • Oversea-Chinese Banking Corp, Southeast Asia’s second-largest lender, posted a larger-than-estimated 54% increase in second-quarter profit on loan growth and higher income from fee-generating businesses.

 
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